One of the biggest issues affecting people at the moment is the cost of living. After all, as the cost of living stays consistently high, people struggle to get by when sticking with their old spending habits. That’s where using budgeting apps is an important part of fixing your finances. Learn more about the 5 best budgeting apps to download now, and what sets them apart from the rest of the competition.
The best way of starting a budget is by planning it in advance, and that’s where Goodbudget works well. Goodbudget is a free app in which you manually add your balances, cash, debts, and income before assigning money to a set of “envelopes”. You have to enter every single expense because accounts don’t sync up, but for the meticulous planner, this app is a perfect option.
Mint has one of the best ratings of all of the available budgeting apps and it’s easy to see why. You sync accounts for free, track expenses and put all of your spendings into a set of distinct categories. This helps you to track and pay down your debts, whilst restricting your spending if you have any particularly bad habits. It’s a passive app that works to a high standard when looking after all of your finances.
Sometimes your budget won’t balance because you’re not in a situation where you live alone. This is where Honeydue is the ideal budgeting app. You and a partner can both view your financial pictures and accounts in one app, setting monthly limits and saving goals between the two of you. If you’re a couple saving for a holiday or even a wedding, this is the ideal app for couples working together that don’t share a bank account.
Fudget is an option that simplified your budgeting process by not syncing your financial accounts. This consists of a calculator-style interface rather than emphasizing extra features. The design of this app is incredibly simple, making it one of the most accessible options on this list. If you’re looking for something more complex this isn’t an ideal app for you, but basic budget calculations thrive with Fudget.
PocketGuard doesn’t focus on letting you know what you’ve spent in any given month, instead preferring to simplify and show you what you have left at the end of the month after necessities. This also tracks your net worth, and the paid version of the app even supports you with a debt payoff plan and even more features. PocketGuard protects your finances and guides you in making better long-term financial decisions.
Contact us today to learn more about budgeting apps!
To learn more about a range of different finance tips and tricks, get in touch with the Key Capital team today and find out how you can get better at managing your money.